Xi Jinping Meets Musk, "Supports Tesla's Development in China"

Xi Jinping Visits the U.S. for APEC
Meets with Elon Musk, Tesla CEO

Chinese President Xi Jinping expressed his support for Tesla's development in the Chinese market to Elon Musk, Tesla's Chief Executive Officer (CEO).

On the 16th (local time), Tesla conveyed this through a statement posted on the official account of Weibo, a Chinese social networking service (SNS). According to Tesla, President Xi met with Musk the day before in San Francisco, USA, where the Asia-Pacific Economic Cooperation (APEC) summit was held.

Elon Musk, CEO of SpaceX and Tesla [Image source=Yonhap News]

Tesla explained, "CEO Musk was invited to President Xi's banquet held in San Francisco," adding, "President Xi met with Musk and other key figures at a separate event before the banquet and expressed his support for Tesla's development in China." It was also stated, "Musk expressed his gratitude and praised the rapid development of China's new energy vehicle industry sector."

Previously, Tesla produced 710,000 electric vehicles at its Shanghai factory, which began operations in January 2019, accounting for more than half of its total production last year. In May, Musk, who visited China for the first time in three years, received a warm welcome from the Chinese government, including meetings with the Chinese Vice Premier and three ministers.

President Xi, who visited the United States for the first time in six years to attend the APEC summit, held a dinner with American businesspeople that evening. The event was attended by hundreds of prominent business figures and top executives, including Larry Fink, CEO of BlackRock, the world's largest asset management firm; Stephen Schwarzman, CEO of Blackstone, a mega private equity firm; and Tim Cook, CEO of Apple. At the dinner, President Xi told American businesspeople, "China is ready to be a partner and friend of the United States."

This content was produced with the assistance of AI translation services.